Mon, Jan 29, 2024
Evergrande, the world's most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021.
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Wed, Nov 22, 2023
Evergrande is fighting a winding-up petition and has until Dec. 4 to unveil a concrete new restructuring proposal to avoid liquidation.
Mon, Oct 30, 2023
The judge could order the company be liquidated, or adjourn the case for more new information.
Mon, Oct 09, 2023
The suspension of the share subscription deal was due to "significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said.
Wed, Sep 27, 2023
The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported, raising more doubts about the embattled developer's future as it grapples with mounting prospects of liquidation.
Tue, Sep 26, 2023
China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8 per cent after a unit of the embattled property developer missed an onshore bond repayment.
Mon, Aug 28, 2023
China Evergrande Group lost as much as $2 billion, or 80 per cent of its market value, on Monday after its shares resumed trading in a crucial step for the world's most indebted property firm as it seeks to restructure its offshore debt.
Sat, Aug 26, 2023
Embattled property developer China Evergrande Group said on Friday it has "adequately" fulfilled the resumption guidance issued by the Hong Kong Stock Exchange and made an application to resume trading in shares on August 28.
Fri, Aug 18, 2023
China's real estate giant Evergrande Group has filed for bankruptcy protection in the United States, a move that could have far-reaching implications for the global economy. The company is one of the world's most indebted developers, with over $300 billion in liabilities. Its collapse could lead to a wave of defaults in the Chinese property market and could also have a knock-on effect on other sectors of the economy.
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